Meenach Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor- hours. The company based its predetermined overhead rate for the current year on 61,000 direct labor-hours, total fixed manufacturing overhead cost of $103,700, and a variable manufacturing overhead rate of $2.50 per direct labor-hour. Recently Job X387 was completed and required 130 direct labor-hours. Required: Calculate the amount of overhead applied to Job X387. (Do not round intermediate calculations.) Overhead applied to Job X387
Meenach Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor- hours. The company based its predetermined overhead rate for the current year on 61,000 direct labor-hours, total fixed manufacturing overhead cost of $103,700, and a variable manufacturing overhead rate of $2.50 per direct labor-hour. Recently Job X387 was completed and required 130 direct labor-hours. Required: Calculate the amount of overhead applied to Job X387. (Do not round intermediate calculations.) Overhead applied to Job X387
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Meenach Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-
hours. The company based its predetermined overhead rate for the current year on 61,000 direct labor-hours, total fixed
manufacturing overhead cost of $103,700, and a variable manufacturing overhead rate of $2.50 per direct labor-hour. Recently Job
X387 was completed and required 130 direct labor-hours.
Required:
Calculate the amount of overhead applied to Job X387. (Do not round intermediate calculations.)
Overhead applied to Job X387
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